Azitra Inc (AZTR) has released an update.
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Azitra, Inc. has launched an underwritten public offering of 16.67 million shares at $0.30 each, with ThinkEquity LLC as the underwriter, purchasing shares at $0.2775 each. The company anticipates raising $5 million before fees and expenses, and it may potentially sell an additional 2.5 million shares if the over-allotment option is exercised. The offering, expected to close on February 16, 2024, follows a registration statement and prospectus filed with the SEC. Company directors and executives have agreed to a lock-up period, restricting the sale of their shares until August 13, 2024.
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